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2017 News Releases

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09/15/17Markel expands professional liability coverage for law firms
RICHMOND, Va., Sept. 15, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced that it has enhanced the policy form and protections for hard-to-insure law firms which can no longer secure coverage in the admitted markets. Markel has been insuring lawyers and law firms for 47 consecutive years, and this coverage is available on an excess and surplus (E&S) lines basis using a claims-made policy form. Highlights include: disciplinary proceedings coverage up to $50,000; policy limits of ... 
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08/21/17Markel announces enhancements to tenant discrimination protection
RICHMOND, Va., Aug. 21, 2017 /PRNewswire/ -- Markel Corporation's (NYSE: MKL) Wholesale division announced that significant improvements have been made to its tenant discrimination insurance offering. Markel, a leading specialty insurer, has sold tenant discrimination protection to property managers and property owners since 1998. Increasingly, property managers and property owners are the targets of lawsuits and litigation focused on a range of issues including disparate impact discrimination. ... 
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07/26/17Markel Reports Second Quarter And Six-Months Results
RICHMOND, Va., July 26, 2017 /PRNewswire/ -- Markel Corporation (NYSE:MKL) reported book value per common share outstanding of $643.37 at June 30, 2017, up 6% from $606.30 at December 31, 2016. Comprehensive income to shareholders was $342.4 million for the second quarter of 2017 compared to $209.9 million for the same period of 2016. Comprehensive income to shareholders was $565.6 million for the six months ended June 30, 2017 compared to $606.9 million for the same period of 2016. The combined... 
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07/26/17Markel Announces Investment In Costa Farms
RICHMOND, Va., July 26, 2017 /PRNewswire/ -- Markel Corporation ("Markel") (NYSE: MKL) and Costa Farms announced today that they have entered into a definitive agreement for Markel to acquire a majority interest in Costa Farms and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017. Headquartered in Miami, Florida, Costa Farms is the largest producer of ornamental pl... 
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07/26/17Markel to acquire State National
RICHMOND, Va. and BEDFORD, Texas, July 26, 2017 /PRNewswire/ -- Markel Corporation ("Markel") (NYSE: MKL) and State National Companies, Inc. (NASDAQ: SNC) today announced that they have entered into a definitive agreement under which Markel will acquire all of the outstanding shares of State National common stock for $21.00 per share in cash. The transaction has a total value of approximately $919 million. The agreement, which has been unanimously approved b... 
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07/20/17Markel Announces Conference Call Date And Time
RICHMOND, Va., July 20, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, July 27, 2017 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments.   Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the Internet throug... 
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07/20/17Markel adds construction talent to Excess Casualty team
RICHMOND, Va., July 20, 2017 /PRNewswire/ -- Markel Global Insurance, a division of Markel Corporation (NYSE: MKL), today announced that John Ferguson has been hired as a director of the New York-based US Excess Casualty team. In his new role, Ferguson serves as the retail construction practice lead and is responsible for a range of underwriting and relationship management functions. Ferguson reports to Matt Mullen, Managing Director of Excess Casualty. Fergu... 
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06/21/17Markel adds management liability endorsement for professional employer organizations
RICHMOND, Va., June 21, 2017 /PRNewswire/ -- Markel Global Insurance, a division of Markel Corporation (NYSE: MKL), announced today the availability of a new management liability endorsement for professional employer organizations (PEOs). This endorsement provides liability coverage for customers that are clients of the insured PEO. PEOs provide comprehensive back-office solutions for small businesses, including payroll, benefits, HR, insurance, tax administration, and regulatory compliance, amo... 
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06/07/17Markel to create new insurance division
RICHMOND, Va., June 7, 2017 /PRNewswire/ -- Markel Corporation (NYSE – MKL) today announced the creation of a new insurance division which combines Markel's Wholesale (excess and surplus lines) and Global Insurance (complex, risk-managed accounts) divisions. Bryan Sanders, President of Markel Wholesale, will lead the new division, which will be named Markel Assurance. Britt Glisson, President of Markel Global Insurance, will assist in the transition and after a distinguished 40-year insurance ca... 
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06/02/17Markel adds job site pollution enhancement to general liability product for contractors
RICHMOND, Va., June 2, 2017 /PRNewswire/ -- Markel Wholesale, a division of Markel Corporation (NYSE: MKL), announced today a job site pollution enhancement to its general liability binding product for contractors. Available to Markel's Wholesale binding agents, this new enhancement offers contractors coverage for sudden and accidental job site pollution claims. The endorsement offers a $1 million limit for more than 100 contracting class codes. "We consider ... 
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05/18/17Markel plans to establish German insurance company in Munich to support EU-27 growth strategy
RICHMOND, Va., May 18, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) today announced that following discussions with BaFin, the German federal financial supervisory authority, it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations, a Markel insurance company will be able to meet the insurance needs of clients in the EU-27 countries. Subject to approval from th... 
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05/01/17Markel completes acquisition of SureTec Financial Corp.
RICHMOND, Virginia and HOUSTON, May 1, 2017 /PRNewswire/ -- Markel Corporation ("Markel") (NYSE: MKL) announced today that is has completed the acquisition of SureTec Financial Corp. ("SureTec"), one of the largest privately owned surety companies in the US. SureTec is based in Houston, and its principal offerings include contract and commercial surety bonds. The acquisition was completed on April 28, 2017. In partnership with professional surety producers an... 
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04/26/17Markel Reports First Quarter 2017 Results
RICHMOND, Va., April 26, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $620.30 at March 31, 2017, up 2% from $606.30 at December 31, 2016. Comprehensive income to shareholders was $223.2 million for the first quarter of 2017 compared to $397.0 million for the first quarter of 2016. The combined ratio was 100% for the first quarter of 2017 compared to 88% for the first quarter of 2016. The combined ratio for the quarter ended March 31, 201... 
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04/20/17Markel Announces Conference Call Date And Time
RICHMOND, Va., April 20, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, April 27, 2017 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments.   Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the Internet thro... 
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04/12/17Markel names Glenn Mozingo Managing Director, Global Insurance Business Development and Corporate Account Executive
RICHMOND, Va., April 12, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Glenn Mozingo has been named Managing Director, Global Insurance Business Development and Corporate Account Executive. In this new role, Mozingo will serve as a key point of contact for brokers throughout the US. He will promote product lines underwritten by Markel's Global Insurance Division and cultivate strategic relationships with production partners. Britt G... 
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03/08/17Markel Estimates Ogden Rate Change Impact
RICHMOND, Va., March 8, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) today announced that, during the first quarter of 2017, it expects to increase prior years' loss reserves for its run-off book of UK motor exposures. The expected increase in prior years' loss reserves is a result of the recently announced decrease in the discount rate, known as the Ogden Rate, used to calculate lump sum awards in UK bodily injury cases. On February 27, 2017, the UK Ministry of Justice announced that the... 
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02/08/17Markel Reports 2016 Financial Results
RICHMOND, Va., Feb. 8, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $606.30 at December 31, 2016, up 8% from $561.23 at December 31, 2015. Over the five-year period ended December 31, 2016, the compound annual growth in book value per common share outstanding was 11%. Comprehensive income to shareholders was $667.0 million for the year ended December 31, 2016 compared to $232.7 million in 2015. The combined ratio was 92% in 2016 compared... 
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02/03/17Markel names Jane Peterson Executive Underwriting Officer, Product Line Leadership
RICHMOND, Va., Feb. 3, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Jane Peterson has been named Executive Underwriting Officer on the Product Line Leadership team. Peterson oversees the Product and Regulatory Services and Wholesale Binding units. She will work closely with Markel's Wholesale division leadership on underwriting product initiatives. Robin Russo, Chief Underwriting Officer, stated, "Jane's industry expertise and cont... 
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02/02/17Markel Announces Conference Call Date And Time
RICHMOND, Va., Feb. 2, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, February 9, 2017 beginning at 9:30 am (Eastern Time) to discuss quarterly and year-end results and business developments.   Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136.  Investors, analysts and the general public also may listen to the call free over the... 
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02/01/17Markel to acquire SureTec Financial Corp
RICHMOND, Va. and HOUSTON, Feb. 1, 2017 /PRNewswire/ -- Markel Corporation ("Markel") (NYSE: MKL) and SureTec Financial Corp. ("SureTec") announced today that they have entered into a definitive agreement for Markel to acquire SureTec for approximately $250 million, inclusive of a three-year earn out. The transaction is subject to customary closing conditions, including insurance regulatory approvals, and is expected to close in the first half of 2017. Following the acquisition, SureTec will ... 
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